National Bank of Ukraine (NBU) has amended the regulation on credit risk exposure.

In particular:
– clarified the wording and delayed the introduction of separate signs of high credit risk before the beginning of 2019;
– reduced the value of LGD in terms of calculation of credit risk for public companies (from 45% to 30%);
– resolved the issue of valuation of credit risk in SWAP operations. Set the conditions under which the credit risk on the transaction arises;
– extended list of tools to enforce the obligations of the debtor other members of the group, in particular the possibility of using financial guarantees and irrevocable standby letters of credit;
– determined that banks can use the financial statements of the borrowers, obtained from public information sources (e.g. websites of the company and SCS)
– clarified a number of requirements for monitoring the collateral;
– introduced procedure for the assessment of the credit risk of condominiums.

Changes in the regulations approved by the NBU Board resolution N5 of January 16.

NBU introduced new requirements for assessing credit risk of banks 18.01.2017

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